'One-fourth of MSMEs do not have access to banks for credit'

As high as three-fourth of India's Micro, Small and Medium Enterprises (MSMEs) do not have any access to banks or institutional financing channels making their businesses vulnerable, according to a study. Only about 33% of the country's MSMEs have access to banks or institutional financing channels, said a study jointly done by financial advisory firm ResurgentIndia and industry chamber Assocham.........

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